The Times: Officials told to be ready for ‘no deal’ in Brexit negotiations

02 January 2018

Ministers have been advised to try to negotiate a transition period if talks with the EU end without a deal to give Britain more time to prepare for a hard Brexit.

 

 

Whitehall believes that Britain could be given additional time by the EU to cushion a hard landing after March 29 next year in the event that talks break down over a future free trade agreement (FTA). Europe does not want a sudden £8 billion black hole to appear in its budgets in either 2019 or 2020, and neither the EU nor the UK wants to cause precipitous damage to their economies.

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